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Markets showed choppy movements for the whole session while negative sentiments prevailed due to weak PMI data. Nifty future seems to reverse its direction from the current levels where it may face resistance in the zone of 5780-5820 in the coming session. Nifty needs to maintain above 5700 to continue its bullish sentiments but if it surpasses the level of 5680 then it may fall towards the next important support of 5640. TREND: SIDEWAYS SUPPORT : 5680 & 5640 RESISTANCE: 5780 & 5820 Major Market News: Sensex ends in green; shrugs off weak manufacturing data. Novartis India plunges as SC rejects parent co’s appeal. M&M vehicle sales rise 11% in Mar’13. KEC Int’l secures orders worth Rs 9.14 bn. L&T rallies on Rs 5,689 cr contract for power plant. Stock Tips Commodity Tips Mcx Tips

Nifty trend 02 march 2013  

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